VLNC: Valence Technology, Inc.(fka VLNCQ)

[finbar99]

I posted a link on here a few days ago to a PDF on the patent coverage within the Li On battery space. If you missed it, it's worth going back to find. Valence has one of the best patent estates in the industry. But they don't have money. JCI has money, and a big footprint in the industry, but their patent coverage is atrocious given their size. Now they face Wanxiang, with their deep pockets and A123's patents. I think they need Valence. What is interesting about A123 is that back in the summer of '12 Wanxiang offered 450 mm for 80% of the company. They were turned down, only to wind up getting 6 months later for 250. But that original bid shows where the big players are willing to go for IP.